A few days ago, the BTC rate plummeted from about $ 8,000 to $ 7,500, however, over the past 24 hours, the cost of the flagship cryptocurrency has shown incredible growth – the price reached the level of $ 10,500, adding to the cost of 42%.
Following BTC, altcoin indicators also increased, in particular, Ethereum, Bitcoin Cash, Litecoin, EOS, Bitcoin SV managed to recover – over the past 24 hours their rate has grown by 10-20%. Well-known analyst Alex Krueger draws attention to the fact that this is the 4th largest price movement of cryptocurrency in daily profitability. The analyst believes that such a sharp increase in value is caused by fundamental factors, in particular, a statement by Xi Jinping, the head of the PRC, in which he unequivocally supported the development of the blockchain industry.
Meanwhile, Nick Carter, co-founder of Coin Metrics, noted that closing the daily candle at $ 10,000 would mark the third most profitable day in BTC history. The first two rallies were 54% and 48% in 2010 and 2011, respectively. In the first case, the value of the coin was $ 0.40, in the second case – $ 5.65.
Against the backdrop of recent events, Edward Snowden recalled on his Twitter blog about the forecast of an anonymous analyst, according to which the BTC rate could increase to $ 16,000 in October.